[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Re: [RT] CHK update

PureBytes Links

Trading Reference Links
Bob:
 
I never understood averaging in.  It obviously works for you.  I have had a sell on this stock for a while now.  I posted what I thought earlier and it appears to be following that track. 
 
I very seldom, if ever, catch a low or sell a high.  My motto has always been, "prove to me that you are going higher/lower and then I will put up my money".
 
I look at fundamentals at times, but my system is a follow the money, price based system.  Obviously your system works for you as you have been at it for a while and your calls have been very good over time.  
 
I wish you luck with your trade.  I would need some price acton to tell me that it is going higher rather then fundamentals. I will continue to watch this one. Ira.
 
----- Original Message -----
From: BobsKC
Sent: Thursday, June 08, 2006 2:46 PM
Subject: [RT] CHK update

I bought 2K more of this at $27.90 today after Prudential lowered next year
earnings by a few cents and some analyst that I've never heard of put a
sell on it based on the charts but no fundamentals. I sold 1K at 29.30
near the close and am now holding 5K. It's as if the Prudential guy
doesn't know they sold 70% of the next two year's production at $10 and is
basing his earnings on the spot price instead. Anyway, my cost basis keeps
dropping and my confidence in the firm is undaunted.

Hope everyone here is having a good week with all the volatility.

Bob

oh.. nice call on the market today Ben .. you did well I would imagine.

No virus found in this incoming message.
Checked by AVG Free Edition.
Version: 7.1.394 / Virus Database: 268.8.3/358 - Release Date: 6/7/06
__._,_.___


SPONSORED LINKS
Business finance uk Business finance course Business finance online course
Business finance class Small business finance Business finance schools

YAHOO! GROUPS LINKS



__,_._,___